Piper Pepperidge
Not use buyers agent
24 August 2024 | 12 replies
If you have a handle on the value of the house, can make an offer that protects you and adhere to the contingency deadlines like inspection and financing, a buyer's agent does nothing but waste your time and cost you thousands.
Jim Stoffey
Joint Venture - Is this a Scam?
1 September 2024 | 79 replies
Or Realtors who have great contractor relationships and in this tight market control their inventory.. they get commission coming and going and a profit bonus.... this is what my goals are for my ground partners.. and so who cares what I make or how much fo the deal comes to me for doing NOTHING...
Faiz Kanash
What other types of loans are there besides DSCR for Multi-family?
26 August 2024 | 11 replies
This is for both 1-4 unit properties, and for over 5 unit properties (which are more tightly underwritten).As for the term side, these are typically for properties that are in livable condition and are being rented out.Please, feel free to reach out if you have more specific questions.Regards,Jackson
Michael Plaks
Explained: How CPAs charge you (and why)
27 August 2024 | 13 replies
Warning about limited availability.If you wait until close to the tax filing deadline to search for your CPA, your options will be limited.
Carlos Lopes
Buying STR in Destin/Fort Walton Beach
26 August 2024 | 25 replies
That makes the beach area tight for the many guests that Destin West can hold as an overall complex.If you have any further questions, feel free to message me if I can help.
Clayton Silva
Hot Topic: Rates don't matter nearly as much as you think they do
26 August 2024 | 24 replies
My point that I am trying to drive home is that most lenders are within a pretty tight shot group, and I would rather pay $500 - $1000 more for better advice, better service, better follow up, better communication etc.
Joel Matthews
Lending Inquiry for BRRRR
23 August 2024 | 4 replies
Thanks,Hey Joel,If you are tight on PITI, then I usually recommend looking into an interest only loan, maybe on a 5-10 year IO plan, to lower your payment and see if you can squeeze it in.Plus, rates are starting to dip a little bit, so it makes it a little more doable, especially if you just do a rate and term refinance to help keep your rate lower.
David Colthart
How to BRRRR in Ohio in 2024
24 August 2024 | 26 replies
For example I'm thinking of David Greene's suggestion that you agree up front to provide a monetary incentive for the GC to get the work done correctly and on time, along with a penalty for blowing past the deadline.
Ryan Millsap
STR regulations for City of Jacksonville, Florida
25 August 2024 | 21 replies
Just for reference, RAP is a fairly tight community.
Karolina Powell
Last minute lending nightmares
26 August 2024 | 17 replies
@Karolina Powell..I'm adding my $0.02 as a mortgage broker who does the types of loans you're talking about, works with a lot of investors over the years, and who also has done multiple closes for clients in a tight timeframe/same day/etc.